GreenOwl Mobile Raises $2 Million in Funding

Posted by Techvibes NewsDesk

Toronto-based startup GreenOwl Mobile announced today that they have raised $2 million in funding. The round was led by a Chinese based team of mapping and location-­based industry experts.

The company intends to use the capital to accelerate the development of the mobile traffic platform and to expand more rapidly into strategic markets in the United States and China.

MORE: GreenOwl Mobile Expanding Popular Traffic Alert App Across Canada and the Globe

GreenOwl Mobile CEO Matt Man said, “This additional infusion of capital is timely and strategic. We get to build out our service coverage quicker. It will accelerate our product development roadmap for the features that our users and business partners had been waiting for. This investment also validates the need for better smart transportation mobile solutions in all emerging markets.”

Company:
GreenOwl Mobile
Website:
http://www.greenowlmobile.com
Location:
Toronto, Ontario, Canada

GreenOwl Mobile (www.greenowlmobile.com) is a mobile technology company with a vision to provide location intelligence to make people more efficient. GreenOwl’s platform links drivers, media outlets, transportation agencies, content publisher, and advertising clients in a new way with its contextual audio delivery engine. The company’s app, TrafficAlert, is one of the most driver-safe mobile technologies on... more


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Techvibes NewsDesk

Techvibes NewsDesk

Techvibes is Canada's leading technology media property.Founded in 2002, Techvibes covers technology and business news that impacts Canadians. We combine breaking local news with international coverage to deliver a unique balance of insight and information. The Techvibes Newsdesk covers a broad beat and publishes general news stories. If you have a story you would like covered, email... more



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